Estate Planning

Total 1082 Posts

Private Company Tax Proposals

• • 0 Comments

October 2, 2017 saw the end of the 75 day consultation period offered by the Department of Finance.  The public response to the proposed rule changes was significant with the general public, industry bodies and professional advisors all weighing in on the measures.  So, what now? At a conference organized by the Canadian Tax Foundation which brought together members of the Department of Finance and tax advisors, Finance was unable to….

Private Company Tax Proposals Continue Reading »

Business Succession Planning, Estate Planning, Tax Issues

Control in the Valuation of Business Interests for Estate Planning

• • 0 Comments

From time to time, I am asked to prepare, review or comment on structures for estate planning purposes with a mind to valuation issues. A common valuation issue is control and whether or not the value of the business interest(s) in the estate plan should be discounted for lack of control or should have premium attached to it because the holder of the business interest(s) do(es) have control. Valuators rely….

Control in the Valuation of Business Interests for Estate Planning Continue Reading »

Business Succession Planning, Canada Revenue Agency, Estate Administration, Estate Planning, Investments, Property, Small Business, Succession Planning, Tax Issues, Trusts, Uncategorized, Wills

Taming the Cottage Gremlins with a Non-Profit Organization

• • 0 Comments

This Blog was written by Carol Willes, One of our family’s favourite pastimes at the cottage is to build a roaring campfire and spend the evenings telling stories, singing along to guitar tunes and roasting the occasional marshmallow. Every so often, however, some unwelcome visitors show up and crash our campfire bliss. This generally happens when the fireside conversation turns to the future of the cottage once mom and dad….

Taming the Cottage Gremlins with a Non-Profit Organization Continue Reading »

Cottage, Estate Planning, Family Conflict, Succession Planning, Uncategorized, Wills

Will Planning for Beneficiaries

• • 0 Comments

In what might be one of the last pipeline transactions my office will advise on (depending on the outcome of the Government of Canada tax proposals), I ran into an unfortunate situation which served to highlight a fundamental aspect of estate planning: Planning for your beneficiaries. Recently, I reached out to the beneficiaries of the estate I am working on to determine their personal tax positions for this current year…..

Will Planning for Beneficiaries Continue Reading »

Business Succession Planning, Disability, Estate Administration, Estate Planning, Tax Issues, Trusts, Uncategorized, Wills

Locking-in Your Family’s Inheritance – a Matter of “Trust”?

• • 0 Comments

Today’s guest blogger is Wendy Templeton. Wendy is a member of the Wills, Estates and Wealth Management Group at LLF Lawyers in Peterborough, Ontario.  She is a well-known author and lecturer with a background in taxation of trusts and estates, business succession, and wills, trusts and estates.  She has a strong commitment to education, having made a significant contribution to the Diploma program for the Society of Trust and Estate….

Locking-in Your Family’s Inheritance – a Matter of “Trust”? Continue Reading »

Estate Planning, Wills

GIFTS – Some Additional Thougths

• • 0 Comments

Recently, I wrote about the gifting of cash or assets during one’s lifetime as an alternative method of distributing your wealth (beyond what you need to live on comfortably) and possibly avoid taxes (probate, income etc.) at time of death. I suggested that your heirs could use the funds in a manner that will likely cost less tax: For example pay down some personal debt, apply it as a deposit….

GIFTS – Some Additional Thougths Continue Reading »

Canada Revenue Agency, Charitable Giving, Estate Litigation, Estate Planning, Family Conflict, Investments, Joint Tenancy, Loans, Philanthropy/Charitable Giving, Probate Tax, Property, Real Estate, Tax Issues, Trusts, Uncategorized
Scroll to Top